Dubai and Abu Dhabi news

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Emaar has announced the topping out of the Opera Grand tower in Dubai.

  • Downtown Dubai

 

The 70-storey skyscraper includes premium apartments and townhouses, infinity rooftop pool, health club, billiard room, and kids’ club.

Earlier, Emaar announced the start of sales of a new project, Elie Saab Villas

In Q3 2021, 2,200 residential units were completed in Abu Dhabi according to consulting company, Asteco.

This is 6.3% more than in Q2 2021 (2,070 units).

In Q4, 2021, 4,600 residential units are expected to be completed.

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Average occupancy rates across hotels in the UAE in October 2021 was 78.8%.

This is the highest October level since 2015.

The highest occupancy rate was recorded in Dubai – 80.7%.

Average daily rate (ADR) of hotels in Dubai increased by 14.9% since January 2021.

Revenue per available room (RevPAR) increased by 57.1% compared to October 2020.

Sources: Trade Arabia, Arabian Business